Alaska Airlines will expand its international flights with new routes to Tokyo and Seoul in 2025. Announced Tuesday, the expansion is part of a broader strategy to increase profits by $1 billion over three years. Efficiency gains from a merger with Hawaiian Airlines are projected to save $500 million by 2027.
Beginning in May, Alaska will offer flights between Seattle and Tokyo's Narita International Airport, followed by service to Seoul in October. The airline envisions servicing at least a dozen international destinations from Seattle by 2030 using large jets acquired through its recent $1 billion purchase of Hawaiian. Alaska has upgraded its fourth-quarter earnings forecast to 40-50 cents per share due to unexpectedly high bookings in November and December.
Alaska said it will spend $1 billion on stock buybacks, boosting existing share value. The airline also plans to introduce a premium co-branded credit card, a venture that has been financially successful for other airlines. The announcements led to a 14% jump in shares of the Seattle-based Alaska Air Group. (This story was generated by Newser's AI chatbot. Source: the AP)
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